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Version date: 29 March 2021 - onwards

4.16 UTI generation and structure

147. The flowchart below illustrates the process for generating a UTI.

148. In the case of cleared SFTs, each of the SFTs between the CCP and its clearing members, and between the clearing members and their clients, should be reported with different UTIs.

149. It is worth noting that the agreement on the UTI between the counterparties is in practice the fall-back option under the framework provided in the technical standards, as most of the entities rely on the waterfall for UTI generation. Nevertheless, the parties may have such an agreement, in which case they should abide by it in all the cases which are covered by the agreement.

150. In the case of open term SFTs, the counterparties should retain the initially generated UTI for that SFT and should not re-generate a new one on each renewal.

151. The non-generating counterparty should be able to ingest in its systems or in the systems of the entity responsible for reporting or the report submitting entity the UTI communicated by the

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